Finshots Daily Finshots Cracks Crypto #5: Web3, crypto, and the great internet reset
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Feb 14, 2025 Dive into the potential of Web3 and its revolutionary impact on the internet! Explore the evolution from a static web to a decentralized digital landscape, empowering users with control. Uncover the speculative nature and environmental concerns of NFTs while discussing their integration with existing platforms. Get ready for a future where cryptocurrency trading becomes a bigger focus as the web resets!
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Internet Evolution
- The internet has evolved through stages, from static Web1 to social Web2.
- Web2, while interactive, suffers from centralized control by corporations.
Web3's Promise
- Web2's main drawback is the control corporations have over user data and content.
- Web3 aims to decentralize the internet, giving users back control.
Web3 and Crypto Integration
- Web3 uses blockchain for decentralized applications, giving users control over their identity and assets.
- Instead of traditional logins, Web3 apps use crypto wallets for access.